"rupee"

Selling pressure from foreign equity investors amid strengthening dollar resulted in a negative bias, according to forex traders

Forex traders said the strength of the American currency in the overseas market further dented investor sentiments

The rupee depreciated 4 paise to 83.24 against the US dollar in early trade on Wednesday

Forex traders said muted domestic macroeconomic data and sustained FII outflows also mounted downside pressure on rupee

The rupee depreciated 17 paise to 83.23 against the US dollar in early trade on Tuesday

The rupee opened strong at 83.13 against the US dollar and moved in the range of 83.03 to 83.13 against the greenback

Massive selling of equities by foreign investors and an upward trend in crude oil prices, however, capped the rise of domestic currency

Foreign fund outflows and losses in local equities, however, restricted the rupee's gains, forex dealers said.

The rupee opened flat at 83.22 against the US dollar and later moved in a range of 83.25 to 83.20 in morning deals. It was trading at 83.21 to US dollar at 9.35 am, up by 1 paisa over the previous close.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.05 per cent to 106.28.

Weak sentiment in the global equity markets and surging crude oil prices also weighed on the Indian currency, forex traders said.

Besides, weak equity market sentiment and elevated levels of crude oil prices -- hovering above USD 92 a barrel -- weighed on the domestic currency, forex traders said

The rupee continued its downward movement for the second straight day and fell by 8 paise to 83.21 against the US dollar

The rupee depreciated by 16 paise to 83.10 against the US dollar in early trade on Monday

The rupee appreciated by 38 paise to 82.75 against the US dollar in early trade on Friday, as the inclusion of India in the JPMorgan bond index boosted investor sentiment

The rupee was also impacted by a rising dollar index, following hawkish comments from US Federal Reserve officials, forex traders said

Market participants are in a wait-and-watch mode ahead of the Bank of England and Bank of Japan policy decision, he said.

"The Indian rupee faced pressure due to an advancing dollar index, driven by hawkish remarks from Federal Reserve officials, according to forex traders."

Halting its four-session losing streak at the interbank foreign exchange, the domestic unit opened strong at 83.22 against the dollar and traded in the range of 83.27-83.06 against the greenback

However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee's rise, traders said.